West Central KY Gas Prices Remain Low
https://us.vocuspr.com/Publish/519775/vcsPRAsset_519775_105650_6cedf1fd-d3b9-46aa-8c17-74c4c796a240_0.jpg West Central KY Gas Prices Remain Low West Central Kentucky gas prices have fallen slightly to $2.109 a gallon, according to AAA East Central’s Fuel Gauge report. The national average is $2.164. Average price during the week of August 24, 2015: $ 2.109 The following is a list of the average price of unleaded self-serve gasoline in various areas: $2.090 Bowling Green $2.127 Elizabethtown $2.329 Louisville $2.030 Owensboro $1.997 Paducah On the National Front After a lengthy slide, gas prices rise nearing the end of the summer driving season. The national average price for regular unleaded is $2.16 per gallon, which is four cents more than one week ago, but is still the lowest price for this date since 2004. While pump prices in 42 states have moved higher over the past week, domestic gasoline supplies remain high and oil prices remain relatively lower compared to recent years, meaning pump prices are likely to remain cheap through the rest of the summer and into the fall. Prices could even dip back below $2.00 per gallon once the summer driving season is complete and as many regions are allowed to transition to selling cheaper-to-produce winter-blend gasoline. Also influencing gasoline prices have been refinery issues that have exacerbated price increases in areas supplied by these facilities. Pump prices have been driven by crude oil prices surging more than 20 percent this month and refinery issues impacting production in some regions. Higher crude oil prices have come as the U.S. dollar has weakened and the Organization of the Petroleum Exporting Countries (OPEC) is reportedly considering production cuts to bolster prices. West Texas Intermediate crude oil is priced in U.S. dollars. As the U.S. dollar weakens, crude oil becomes relatively less expensive for those holding foreign currencies, which increases demand and puts upward pressure on oil prices. This upward momentum has been further supported by reports that OPEC members will again consider an agreement that would limit production in the face of the global glut of crude oil supplies that has more than halved prices in recent years. At the close of Friday’s formal trading session on the NYMEX WTI was up 30 cents to settle at $48.52 per barrel. -AAA- AAA East Central is a not-for-profit association with 82 local offices in Kentucky, New York, Ohio, Pennsylvania and West Virginia serving 2.7 million members. ______________________ If you would rather not receive future communications from AAA East Central, please go to http://AAAEC.pr-optout.com/OptOut.aspx?519775x25590x83169x2x472868x24000x6&Email=submit%40theautochannel.com. AAA East Central, 5900 Baum Blvd, Pittsburgh, PA 15206 United States
